Crypto Market Is Waking Up, Looking For A Bigger Recovery; Intraday Elliott Wave Analysis

Crypto coins by Kanchanara via Unsplash

Good morning Crypto traders! No big changes in the Crypto market since last week due to holidays, but it's holding up pretty well, so it's time to track a close intraday view. After we recently noticed a leading diagonal into wave A/1 in the Crypto TOTAL market cap chart, it can now be making a pullback in wave B/2, which could be an abc irregular flat correction, so be aware of another intraday drop for subwave »c« before we will see a bigger recovery within higher degree wave C or 3. In case if Crypto market goes straight above 2.85T level, then wave C or 3 can already be in play. 

Crypto TOTAL Market Cap 2H Chart

BTC keeps dominating in the Crypto market, but BTC.Dominance chart can be now finishing final subwave »v« of an impulse within higher degree wave 5, so soon we should be aware of a slow down, which means that ALTcoins may start dominanting and we may get an ALTseason, especially if Crypto market is back to bullish mode.

BTC.D Daily Chart

For a detailed view or more analysis like this, you may want to join our live webinar today on Tuesday, April 22 2025 @ 15.00CET: Direct LINK.

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